Many of you have read reports surrounding the termination of OPTrust’s former CEO and litigation related to this matter. As this matter is before the courts, we are unable to comment further on it at this time. However, there are some things you should know.
Your OPTrust pension continues to be secure and our operations are carrying on as normal. OPTrust is a fully-funded and well-governed pension plan and over the course of its history, has reliably earned excellent rates of return. The Board of Trustees has consistently been committed to good governance, ensuring that its actions best serve Plan members, and upholding the highest standards of fiduciary responsibility.
We consider the prudent use of our members’ money to be of the utmost importance and have long had a comprehensive budgeting process as well as rigorous and well-controlled expense policies and systems.
The Board of Trustees has full confidence in OPTrust’s management, its investment team and the entire staff. All of us at OPTrust take our responsibilities to you very seriously and will continue to work diligently to help ensure your retirement security.
Do you have a question about your pension? Contact us.